Despite some rumors of its headquarters at 70 Pine St. potentially on the block, the source says that "the rumor is unfounded" and AIG will not be selling. "It will remain the company's headquarters."
The source notes that the new lease will "allow consolidation of several of those Downtown AIG offices," adding that it will serve as the firm's overseas property casualty headquarters, not AIG's headquarters.
The source tells GlobeSt.com that the firm will move into the building in phases beginning in September of this year, and will take approximately 800,000 sf by 2011. "Eventually AIG will occupy approximately 30 floors and have renewals rights through 2024."
Although the source was not able to provide lease values and can not say which specific floors it will occupy in the 41-story, one-million-sf building, they explain that AIG was attracted to the building due to the excellent value, superior office space, and large meeting areas. "Goldman leaves behind build-out and instillations for our reuse," the source notes.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
